Apollo Pipes Shows Resilience with Notable Gains Amid Broader Market Decline

Apollo Pipes has shown significant activity today, gaining 7.33% as of April 1, 2025. The stock has outperformed its sector by 7.48%, marking a notable performance amidst a broader market decline. Over the past two days, Apollo Pipes has recorded a consecutive gain of 11.88%, indicating a positive short-term trend.
The stock reached an intraday high of Rs 407.75, reflecting a rise of 7.46% during the trading session. In terms of moving averages, Apollo Pipes is currently above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages, suggesting mixed signals in its longer-term performance.

In contrast, the broader market has faced challenges, with the Sensex falling sharply by 1.46% after a negative opening. Despite this, Apollo Pipes has demonstrated resilience, with a 1-day performance of 6.84% compared to the Sensex's decline. Over the past month, the stock has gained 19.36%, significantly outperforming the Sensex's 4.22% increase. However, its longer-term performance shows a decline of 37.70% over the past year, highlighting the volatility in its stock price.